Shift4 to acquire cross-border payments provider Finaro in $575m deal
The company also confirmed the acquisition of cryptocurrency fundraising platform The Giving Block.
Financial Services/Finserv
UK fintech funding round-up: Delio, Detected, Kolleno, Nosso, Strabo, & Yimba
A handy round-up of the recent funding endeavours of UK-based fintechs.
Australian fintech Zeller lands $73m Series B funding
Zeller says it has signed up more than 10,000 Australian businesses within eight months.
TSB strengthens relationship with cloud intel firm Dynatrace in digitisation push
Dynatrace provides software intelligence to simplify cloud complexity and accelerate digital transformation.
Ireland’s An Post partners Tink to provide money management services
Tink’s technology provides insights to help An Post customers improve their financial health.
Bulgarian fintech Payhawk hits unicorn status with $100m Series B extension
The extension follows an initial $112 million Series B raise three months ago.
Digital business bank Grasshopper relaunches with focus on supporting SMEs
The bank has brought in a new leadership team and implemented a new technology strategy.
Banking infrastructure provider LHV UK taps Tuum for core banking tech
Tuum is a banking customer of LHV UK, and now LHV UK has become Tuum’s tech user.
What happens after you leave the room?
Alignment is an ongoing dialogue that continues long after you’ve left the meeting room.
Social and investing app Shares closes $40m Series A funding round
UK-based Shares has launched its app to its 60,000 waitlist and the wider market.
Banking Tech Awards 2022 now open for nominations
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Canada’s TD Bank snaps up First Horizon for $13.4bn in US expansion push
The combined entity will become a top six US bank, serving 10.7 million customers across 22 states.
Westpac appoints Damien MacRae to lead new BaaS business
Westpac’s BaaS offering was built in partnership with 10X and integrates 30+ various tech services.
CommerzVentures closes €300m fund to invest in fintech, insurtech & climate fintech
This brings total funds managed by CommerzVentures to €550 million.
Payment platform Cheddar acquires Upside in open banking move
Upside’s open banking product will be added to Cheddar’s free payment offering.
Volopay raises $29m in equity and debt for international expansion
Volopay is “building the control centre for modern companies for all their financial management needs”.
Why instant loans are catching fire with fraudsters
Fraudsters are now increasingly finding clever ways to exploit this innovative form of financing.
Broaden your horizons – cryptocurrency payments will be in high demand
Online merchants will soon need to offer crypto as a standard – how to choose the right platform for this?
Banking challenger and investing platform Finch set to launch in US
Finch boosts users’ credit score by reporting spending to US credit bureaus Equifax, Experian and TransUnion.
Aussie banking app Douugh taps TrueLayer for open banking data access
Australia’s Consumer Data Right framework enables the sharing of customer data between banks and fintechs.
Driving innovation in finance through trustworthy AI
Artificial intelligence (AI) is fast becoming an essential tool for the financial services industry.
Aussie SME financial management platform Thriday set to launch in beta
Thriday was set up to tackle “the poor quality of financial management solutions offered to small businesses”.
Vietnam’s HD Bank selects Thought Machine for core banking platform upgrade
HD Bank’s multi-year transformation will initially consist of upgrading its core platforms and internal workflows.
BNY Mellon first GSIB to integrate Chainalysis crypto compliance software
BNY Mellon is building a multi-asset digital custody and admin platform for traditional and digital assets.
TSB partners ID verification firm Onfido to streamline onboarding process
TSB says customers can now open accounts and access mobile banking in 10 minutes.
CIBC invests in start-up Pollinate; launches paytech service for Canadian SMEs, Tyl
Tyl by CIBC is a digital-first payment acceptance and merchant services platform for Canadian SMEs.
FinTech Futures Jobs: Three really exciting jobs to apply for this week
Exciting open vacancies at Monzo, HSG and Tendable. Apply today!
U.S. Bank partners Microsoft for cloud banking tech upgrade
Microsoft says financial services organisations need to become more digital to meet customer demands.
Indian neobank Niyo lands $100m Series C to boost product development
Niyo CTO says: “We are seeing massive tailwinds for digital financial products since Covid-19.”
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
GB Bank taps TruNarrative for fraud detection and customer onboarding
GB Bank says the partnership will reduce friction in customer journeys and enhance its risk mitigation.
TreviPay acquires fellow B2B paytech Baton Financial Services
Start-up Baton “has built a unique, innovative B2B invoice payments network”, TreviPay says.
Banking on spreadsheets
Banks and fintechs need to step up their game to serve customers better when it comes to money management.
A new way to give? – how fintech start-up DonateStock aims to simplify charitable giving
FinTech Futures speaks to DonateStock co-founder and chairman Steve Latham.
Fronted appoints new CTO as co-founder Simon Vans-Colina joins Singapore’s BigPay
Fronted’s lead software engineer Jonathan Kim has been promoted to the role of CTO.
‘Earnings on demand’ fintech PayUp set to launch in UK
The app allows users to access their salary as they earn.
What the FinTech? | S.3 Episode 1 | Talking open banking
To kick off season three, we’re joined by John Natalizia, co-founder and CEO of Snoop.
Crypto firm Bitpanda acquires Trustology to launch custody service
Trustology will be rebranded as Bitpanda Custody, providing an institutional-grade crypto custody platform.
Digital ID verification start-up OCR Labs expands to North America with $30m funding
OCR Labs has raised $46 million through its combined Series A and B.
Alabama’s Community Spirit Bank selects CSI’s NuPoint core banking system
Community Spirit Bank has five branches throughout northwest Alabama and northeast Mississippi.
